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BANK OF BARODA Non Callable MT, OH, TXRating Not Available 0.210/6/20140.20.2100
BANK OF BARODA Non Callable MT, OH, TXRating Not Available 0.44/2/20150.40.4100
BANK OF CHINA Non Callable OH, TXRating Not Available 0.354/9/20150.350.35100
Bank of China Non Callable TX, OH, MTRating Not Available 0.24/9/20150.20.2100
Apple Bank for Savings Non CallableRating Not Available 0.34/16/20150.30.3100
SAFRA NATIONAL BANK OF NEW YORK Non CallableRating Not Available 0.310/13/20150.34950100
COMMUNITY & SOUTHERN BANK Non CallableB+ 0.54/8/20160.5010.5100
KeyBank National Association Non Callable AK, CO, FL, ID, IN, MI, NH, NY, OH, OR, UT, WARating Not Available 0.454/18/20160.4510.45100
FARM BUREAU BANK, FSB - Sparks, NV Non Callable TXRating Not Available 0.68/17/20160.6020.6100
Keybank National Association Non Callable OH, IN, WA, AK, MI, NH, NY, CO, OR, UT, ID, FL, MEB 0.610/17/20160.6010.6100
Ally Bank Non CallableC+ 14/10/20171.0021100
SAN DIEGO PRIVATE BANK - La Jolla, CA Non CallableRating Not Available 0.94/17/20170.9040.9100
FARMERS & MERCHANTS BK Non CallableC 1.459/25/20181.461.45100
FIRST BUSINESS BANK Non Callable WIC+ 1.610/4/20181.6061.6100
Discover Bank Non CallableB- 1.94/9/20191.9091.9100
Last Updated: 4/10/2014 at 3:46 PM Eastern

FPF: First Trust Intermediate Duration Preferred & Income Fund

by Monte Traficante | May 10, 2013

The offering will be priced at $25 and will have a targeted annual dividend yield of 7%, paid on a monthly basis. The last day to purchase this offering before it starts trading on the NYSE is Tuesday, May 28th.  After that date it will trade on the NYSE under the symbol FPF and will fluctuate up or down from the initial offering price.

 FPF:  First Trust Intermediate Duration Preferred & Income Fund

·        70-75% of the initial allocation will be in the Institutional $1,000 Preferred securities market- (not readily available to the normal retail investor)

·        The portfolio will have ZERO negative yield to call

·        7% targeted Annual Dividend Yield

·        Monthly Income payments to start 60-90 days after the initial offering date

·        $25 Initial price with No commission charge to you

·        Tuesday, May 28th is the last day to purchase before it starts trading on the NYSE under FPF and will then start fluctuating down or up from the $25 starting price

·        Initial target to use leverage will be around 30% of the portfolio

·        Is not FDIC insured and not guaranteed by any government entity

Click here to read the brochure and Preliminary Prospectus carefully. If you’d like to ask questions about this offering or anything else you may have questions on, contact us via email or call 800-225-6196.